According to the study, the global auto-injectors market is likely to grow significantly during the forecast period, due to increasing cases of anaphylaxis, increasing cases with multiple sclerosis, rising geriatric population and high production of biologics. Additionally, rising healthcare expenditure leading to increase in research and development spending, various beneficial features of auto-injectors also contribute to the growth of the overall market. High cost of auto-injectors and stringent regulatory requirements are some of the key factors restraining the global market growth.
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Insights on market segments
As per the findings of the research, the prefilled auto-injectors is the larger product category in the global auto-injectors market. Based on manufacturing design, standardized auto-injector has been the larger contributor to the growth of the global market in comparison to customized auto-injector. Anaphylaxis has been the largest application for auto-injectors, followed by multiple sclerosis, rheumatoid arthritis and other diseases. According to World Allergy Organization (WAO), the prevalence of anaphylaxis ranged from 2% of the population in the US, to 0.1% of the population in Korea, and 0.6% to1% of the population in Australia.
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North America stands as the largest auto-injectors market
Geographically, North America has been the largest market for auto-injectors, with the U.S. being the larger contributor to the regional market, compared to Canada. Increasing cases with diabetes, anaphylaxis, rising geriatric population and increasing production of biologics are some of the factors that have been driving the growth of the North American auto-injectors market. The U.K. has been the largest contributor to the European auto-injectors market, followed by Germany and France. The market is expected to witness the fastest growth in Asia-Pacific during 2017 – 2023, owing to increasing cases of anaphylaxis, increasing awareness about needle-stick injuries, high healthcare expenditure which further leads to raised research and development spending, and increasing geriatric population.
Key players in the auto-injectors market
Some of the key players operating in the global auto-injectors market include Pfizer, Inc., Becton, Dickinson & Co., Mylan, Inc., Bayer AG, Antares Pharma Inc., Novartis International AG, Unilife Corp., Janssen Global Services, LLC, Biogen Idec, and Eli Lilly and Company.
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